ABC News correspondent John Stossel, the co-anchor of 20/20, said most mainstream journalists, including those at his network, are leftists who view conservatives as "selfish and cruel" for embracing capitalism.

Stossel was in the nation's capital Tuesday to promote his new book, "Give Me a Break," at the libertarian Cato Institute. Although he praised ABC News for letting him present free-market viewpoints on 20/20, he criticized his peers for their hostility toward those ideas.

"Where I live in Manhattan and where I work at ABC, people say conservative the way people say child molester," he said. "[Conservative] is the worst thing for a reporter to be called. And I'm a little puzzled why they call me a conservative."

Stossel said, for instance, that he has libertarian views when it comes to drug use, prostitution, homosexuality and flag burning. Regardless, liberal media watchdogs like Fairness and Accuracy in Reporting have attacked him for aligning with conservatives.

Before adopting a skeptical view of the government and public-interest groups, Stossel was an enterprising consumer reporter. He won 18 Emmys while exposing shady business practices. But since realizing that more regulation might not be the answer to the world's problems, Stossel said he has observed changes, and he has only won one Emmy in that time.

Meanwhile, John Podheretz looks at how that sort of groupthink has affected the coverage of the Democratic primary:

The results last night in New Hampshire represent a humiliating disaster for the mainstream media. The political reporters and editors who have been judging this race for a year have made utter fools of themselves.

Nobody foresaw John Kerry's huge victory in Iowa. It was suggested that Kerry was doing better in the weeks before the caucuses, but no reporter even imagined Kerry might pull 38 percent of the caucus-goers there. The press failed just as miserably in New Hampshire - but this time by overestimating and overrating John Edwards.